LGT Group Foundation Reduces Qualcomm Stake by 36%

Institutional investor sells 30,107 shares of wireless technology company

Published on Mar. 9, 2026

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LGT Group Foundation, an investment management firm, reduced its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 36.3% in the third quarter, according to a recent SEC filing. The fund now owns 52,753 shares of the wireless technology company's stock, down from 82,860 shares previously.

Why it matters

Qualcomm is a major player in the wireless technology industry, known for its development of cellular standards and semiconductor products. Changes in ownership by large institutional investors can signal shifts in market sentiment or investment strategies around the company.

The details

According to the filing, LGT Group Foundation sold 30,107 shares of Qualcomm stock during the third quarter. The fund's remaining stake in Qualcomm is valued at $8.78 million. The sale represents a 36.3% reduction in the fund's Qualcomm holdings.

  • The sale occurred in the third quarter of the year.

The players

LGT Group Foundation

An investment management firm that has reduced its stake in Qualcomm by over 36%.

Qualcomm Incorporated

A global semiconductor and telecommunications equipment company known for its development of wireless technologies and cellular standards.

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The takeaway

The reduction in LGT Group Foundation's Qualcomm holdings could signal a shift in investor sentiment around the wireless technology company, though the specific reasons behind the sale are not clear from the filing. Qualcomm's performance and market position will continue to be closely watched by investors and analysts.